Half the world's extremely poor are children. New analysis from the World Bank and UNICEF finds that almost 385 million children were living in extreme poverty in 2013. 9 out of 10 of those children lived in just 20 countries. Read more in "Ending Extreme Poverty: A Focus on Children"
India is home to the largest number of poor people in the world, as well as the largest number of people who have recently escaped poverty. Despite an emerging middle class, many of India’s people are still vulnerable to falling back into poverty, making the country uniquely placed to drive global poverty reduction. In the last few weeks, a new blog series analyzed publicly available data to better understand what has driven poverty reduction from the mid-1990s until 2012, and the potential pathways that can lead to a more prosperous India. Learn more
Sustainable Development Goal 1 is to “end poverty in all its forms everywhere” and has two specific poverty reduction targets. One target (SDG 1.1) talks of eradicating extreme poverty by 2030, building on a globally comparable notion of extreme poverty. Extreme poverty fell from 37 percent to 13 percent between 1990 and 2012; and based on national growth rates over the past 10 years, the global extreme poverty rate is estimated to be below 10 percent in 2015, a drop of more than two-thirds since 1990.
This post briefly explains how extreme poverty is measured and makes five main points:
- A large number of people have moved out of poverty since 1990, and impressively, even though the world’s population grew by 2 billion, there are over a billion fewer poor people.
- There are many countries with relatively low poverty rates that still have large numbers of the globally extreme poor living there (e.g. China, India).
- At the same time, there are a large number of countries with stubbornly high poverty rates where relatively small numbers of the world’s extremely poor live (e.g Haiti, Uganda).
- Since the SDGs focus on “no one left behind”, when looking at poverty across the world, both rates and numbers matter.
- SDG target 1.2 aims to halve national poverty rates in all its dimensions between 2015 and 2030 – as it’s based on country-specific understanding of poverty (which often differ) it’s relevant for all countries, rich and poor alike.